Most balance transfers cost 3%-5%, so that's between $300 and $500 on a $10,000 transfer. Here's why that fee is small compared to potential interest savings.

Tools like balance transfer cards, loan refinancing, and nonprofit counseling can help Americans cut interest and pay off ...

Carrying a credit card balance from month to month usually means getting hit with steep interest charges. The average credit card interest is more than 22%, making it even more expensive to carry ...

Initially, everything seems fine — no late fees, just some interest. But after a few months, when your income doesn't allow you to clear the growing balance, the interest and charges start piling up.

If you've got debt spread across several cards, you're not alone. There's a smart way to fix it: a balance transfer card. The big question is whether to combine everything into one large balance ...

Many Americans carry a balance on their credit cards. In the first quarter of 2025, U.S. consumers’ credit card balances totaled $1.18 trillion, according to the Federal Reserve Bank of New York.

The primary reason for a balance transfer is to reduce the interest rate. A transfer works best when the rate difference is ...